Health Care Equipment & Supplies in Asia-Pacific
A Report by Datamonitor
EXECUTIVE SUMMARY
Market Value
The Asia-Pacific health care equipment and supplies market grew by 5.7% in 2005 to reach a value of $33.1 billion.
Market Value Forecast
In 2010, the Asia-Pacific health care equipment and supplies market is forecast to have a value of $43 billion, an increase of 30% since 2005.
Market Segmentation I
Disposable equipment forms the largest segment, generating 42.5% of the market's revenues.
Market Segmentation II
Asia-Pacific generates 17.7% of the global market's value.
MARKET OVERVIEW
Research Highlights
The health care equipment and supplies market in Asia-Pacific has benefited massively from overseas investment and the modernization of healthcare standards in countries with developing economies.
Due to varying levels of economic development and domestic production, there is considerable country-to-country variation within the region.
The escalating price of oil and natural gas is driving up the manufacturing cost of petrochemical plastics, such as high-density polyethylene (HDPE) which in turn impacts upon health care equipment and supplies manufacturers.
Market Analysis
The health care equipment and supplies market in Asia-Pacific has benefited massively from overseas investment and the modernization of healthcare standards in countries with developing economies. It is, by some distance, the fastest-growing regional health care equipment and supplies market in the world.
In 2005, the Asia-Pacific health care equipment and supplies market grew 5.8% to reach a value of 33.1 billion dollars. The compound annual growth rate (CAGR) for the five-year period 2001-05 was 5.3%. Growth rates have accelerated slightly as health care modernization policies in the developed economies of Japan and Singapore have augmented the relentless growth in demand in China and India.
Looking forward, in the 2005-10 period the market is expected to grow 30%, at a CAGR of 5.4%, to reach a value of $42.9 billion. As Chinese market restrictions start to bite, and some of the impetus of the boom in hospital building starts to fade, growth rates will start to fall, while remaining impressive.
MARKET VALUE
The Asia-Pacific health care equipment and supplies market grew by 5.7% in 2005 to reach a value of $33.1 billion.
The compound annual growth rate of the market in the period 2001-2005 was 5.3%
MARKET SEGMENTATION I
Disposable equipment forms the largest segment, generating 42.5% of the market's revenues.
Ophthalmic equipment contributes a further 21.7% of market value, while IV
diagnostics makes up a further 10.3%.
MARKET SEGMENTATION II
Asia-Pacific generates 17.7% of the global market's value.
The US is the world's largest market and generates 46.3% of the global market's
revenues.
MARKET FORECASTS
Market Value Forecast
In 2010, the Asia-Pacific health care equipment and supplies market is forecast to have a value of $43 billion, an increase of 30% since 2005.
The compound annual growth rate of the market in the period 2005-2010 is predicted to be 5.4%.
Report Published : May 2006
